Last night was crazy. bitcoin dropped down to 6860, and now it is bouncing back. I have shorted the market last days(8.2->7.8, 7.7->7.3),took nice profits. I tried long at 7100/7200 position, because that spot was the final price for a nice bounce, considering all the EW patterns...but low liquidity didn't allow that(my prices were filled at 7130, stopped at...
Bitcoin is currently testing a support zone formed by the $7.441 support, MA100 and 0.382 fibonacci level. This area needs to be maintained in order for the trend to continue.
In my previous report I wrote about the chart pennant pattern and explained precisely which conditions are required for a bullish continuation to happen. It never reached the breakout...
The price has dropped since the yesterday and it’s testing support area of $7.855 - $8.000.
This is the first potential zone for a reversal and should expect it to test it few times on lower timeframes before establishing a solid support here.
When the first zone doesn’t hold and starts moving downwards then it’s time to take a look at the next potential zone...
PIVX was in a downtrend for some time now. Since May PIVX didnt show any upward trend and it seems it is time for a cycle towards the up direction. On the 1D chart we are confirming that a very small correction is happening for now and it seems it is going to feel up its load by the following 2 or 3 days. Daily candle should close above the upper resistance line...
Bitcoin is forming Pennant Chart Pattern on the daily timeframe. It is known bullish continuation pattern and activates after the breakout. What is common thing to see in this pattern? Volume diminishes when the price moves closer to the peak. The breakout is confirmed once it takes down MA200 and $8.400 resistance level. Volume is crucial part of the breakout and...
Litecoin has been moving against MA50 without being able to break through of it and that’s why MA50 should be considered as resistance. The price is located close to the intersection of important levels such as linear resistance levels (MA50, downtrend line) and support zone ($81.7 - $79.5) which is located near to 0.618 fib level.
If you didn’t know that most...
Ahoy traders! Today I'm providing trading information on Ethereum as it is looking very interesting.
A symmetrical triangle appears on the chart which is known from explosive breakouts, continuation and that it can break either way.
Even this pattern is known from a trend continuation but it is also known from false breakouts which increases risks when trading...
Ahoy traders!
Another day started bullish as Bitcoin broke through of the previous swing level ($7.749) and briefly visited above of $8.000 level.
The price hovers close to the psychological resistance of $8.000 and to continue it's journey further upwards it's necessary that the daily candlestick closes above of this level.
When the price starts another rally...
Bitcoin is starting this week by showing strength as it's trying to reach towards the previous swing high level ($7.795) that it needs to take down before able to move further upwards. The price is already above of MA100 level and the downtrend line which both used to act as resistance during the downtrend. It needs to hold both of these levels to be able to...
In chart 1h
TRX down from 580 to 485
Trx can bounceback in short-term
MACD of trx look good for break up
Chart look like already break up in short-term
Only trx higher 491
I think good market incoming in the fews hours.
TRX can hit to T1-T2-T3
Here is the BTC roadmap with 3 possible scenarios. Kinda crowded chart but I'll try to explain it below:
1'st scenario (orange) => We go down from here filling the big volume profile gap (2'nd yellow arrow), leaving the 1'st for when we go up later. This is the least probable considering the trading volume & momentum we have right now.
2'nd scenario (red) => we...
Hi again all :) TRX\BTC is up about 10% since we did our call on our website www.easyx.info
We now setting our stoploss in profits if it will take a retrace from here, why we think it can retrace from here?
TRX\BTC moving nicely in the upper channel of the bollinger bands, it also is hitting resistance in the median from 100 days bollinger brands atm...
Hello, fellow crypto enthusiasts and investors! So with the nice surge higher that we have seen in Bitcoin and most other cryptocurrencies over the last few days, I just thought I would once again publish a chart showing what I believe are important steps Bitcoin needs to accomplish in order to keep up the bullish momentum (Listed below, they are also on the...
WhaleTank
Here you have our next few days market prediction, We are well experienced group of professionals in the cryptocurrency industry, And our combined strengths gives us the ability to provide a highly accurate predictions.
The chart shown here is extremely simple to understand, And follow.
Website: www.whaletank.club
Youtube: www.youtube.com
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ADA/BTC update:
The price has reached resistance zone and this is decision point which direction it will go. The past performance shows that this has been very attractive level for selling. Daily candle closing above of 0.786 would indicate that bulls are in control and break out upwards can be confirmed with expanded volume. Without volume it's more likely to...
Steadfast to 8k? Bitcoin bounced nicely from the support line of the triangle and is now approaching the 7850-8000 zone. The volume is increasing, i believe we will see a retest of 8k and either break through it (to find support at 8k later on) or we will bounce back from it again.
I guess the total coinmarketcap will be somewhere around at 365 billion by next...
Bitcoin was correcting a little higher since last week like forecasted here:
However, the rally looks to me not convincing enough for a next move higher. I think that this rally will get sold again sooner or later. Also, the trendline from the peak is still holding. Even when Bitcoin breaks that trendline higher, next support level will be at 7920, where it...
